A Rs6,000 lakh Budget for 2015-16 was approved by the Bhopal Development Authority on Friday. TT Nagar re-densification and construction of smart city over stud farm land were among the major proposals in the Budget.
While talking to mediapersons, Divisional Commissioner SB Singh said Smart City would be developed over 75 acres at Stud farm. The housing scheme would be updated with the latest facilities and modern and advanced technology would be incorporated to construct the buildings.
Re-densification of TT Nagar area has been approved in the Cabinet and it would be done on Private Public Partnership (PPP) model. “Earlier, land was available, but the scenario changed later forcing us towards vertical development and now, flats would be constructed to maximise the utility of the land,” he added.
In the re-densification process, the private partner would decide the rates of the property and government employees, which were earlier 2,400 in number, would be increased to 4,200 with uplifted face in terms of increased area and properly designed facilities for the employees.
Singh said that in the Budget, provision for smart city on stud farms land has been made and work to implement the same is under process. For 2015-16, the projected total revenue collection in the year would be around Rs62,191.80 lakh while the projected total expenses would be around Rs61,611 lakh.
Besides, it was decided that Aerocity Phase I, Raja Bhoj Awasiya Yojana, Sardar Vallabh Bhai Patel Nagar, Vidhya Nagar Phase 2 and 3 proposed in the year 2014-15 are under process and in the year 2015-16, Misrod Phase I, Aerocity Phase -2, Raksha Vihar Phase -2 and 3, Misrod –Barrera project would be started soon.